Net Lease Property For Sale

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Shopko3271 Market Place Drive

Council Bluffs, IA 51501 (Omaha MSA)

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1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

TABLE OF CONTENTS

TABLE OF CONTENTS

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TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER

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TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedShopkopropertylocatedintheOmahaMSA.ThepropertyislocatedlessthanthreemilesfromdowntownOmahaandbenefitsfromatradeareapopulationinexcessof248,000.Shopkohasalongtermleasewith17yearsremainingthatfeaturesa10%rentalescalationintheprimaryterm.Shopkoisachainof136retailstoresthatprovidesqualityname-brandmerchandisealongwithpharmacyandopticalservices.

Thepropertyislocatedadjacenttoamulti-tenantshoppingcenter,directlyoffInterstate80,lessthanthreemilesfromdowntownOmaha. Interstate80experiences traffic volumes in excessof100,000 vehiclesperday. Theproperty is locatedwithinTheMarketplace,ashoppingcenter featuringJCPenney,ShoeCarnival,Petco,TexasRoadhouse,CulversandVerizonWireless.

Additionally,lessthanonehalfmilefromthepropertyisaprimarytouristandretaildestinationanchoredbytheMid-AmericaConventionCenter.Thearea ishometoseveralcasinos includingHorseshoe,Harrah’s,AmeristarCasinoandnumeroushotels.TheMid-AmericaCenterisan8,000seatarenaandconventioncenter.ThecenteristhehomeoftheIowaBlackhawks(ArenaFootballLeagueteam),andhostsconcertsforseveralnationalrecognizedperformers.OtherretailersintheimmediateareaincludeBassProShops,CampingWorld,andanAMCStar17screenmovietheater.Additionally,Wal-MartSupercenter,Sam’sClub,HomeDepot,BestBuy,MenardsandGordmansarelocatedlessthantwomileseastofthepropertyalongwithMetroCrossing,ashoppingcenteranchoredbyTarget,HobbyLobby,Kohl’s,BedBathandBeyondandT.JMaxx.

Shopko’soriginalleasetermwasfor20yearsandtheleaseexpiresinJanuary2030.Theleasefeaturesa10%rentalescalationin2019aswellasfour5-yearrenewaloptionsatescalatedrents.Shopkoisaprivately-heldcompanywitha136locationsin13states.

INVESTMENT HIGHLIGHTS

•LocatedwithintheOmahaMSA

•Longtermleasewithover17yearsremaining

•10%rentalescalationintheprimarytermofthelease

•DirectlyoffInterstate80(100,000VPD)

•One-halfmilefromMid-AmericaCenter(8,000seatarenaandconventioncenter),HorseshoeCasino,Harrah’sCasino,AmeristarCasinoandseveralhotels

•NearbyretailersincludeBassProShops,CampingWorld,andanAMCStar17screenmovietheater

•CloseproximitytoWal-MartSupercenter,Sam’sClub,HomeDepotandTarget

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

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Price: $8,021,261

CapRate: 8.40%

RentSchedule: NOI EscalationDate

$673,786$741,165 02/27/19$815,281 02/01/30(Option1)$896,809 02/01/35(Option2)$986,490 02/01/40(Option3)$1,085,139 02/01/45(Option4)

RenewalOptions: Four5-year

LeaseCommencementDate: February27,2009

LeaseExpirationDate: January31,2030

Tenant: Shopko

YearBuilt: 2009

LeaseType: NN

RentableSquareFeet: 80,000

LandSize: 6.10acres

PROPERTY OVERVIEW

PROPERTY OVERVIEW

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AERIAL

AERIAL

S. 2

4TH

STR

EET

100,000 VPD80

29

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SITE PLAN

SITE PLAN

34th

SAV

ENUE

MAR

KETP

LACE

DR.

24th STREET

80

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SITE

SITE

MAPS

MAPS

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Shopko isachainofretailstoresbasedinGreenBay,Wisconsin.Shopkooperates136storeslocatedin13statesandgeneratesannual salesofapproximately$2.2billion.Shopkoprovidesqualityname-brandmerchandise,greatvalues,pharmacyandopticalservicesinsmalltomid-sizedcities.InDecember2005,thecompanywasacquiredbyanaffiliateofSunCapitalPartners.In1999,ShopkopurchasedPamida,aregionaldiscountchainthatoperatedmainlyinsmallercommunitiesof3,000to8,000people.ShopkooperatedPamidaasaseparatedivisionuntil2007,howeverin2012,ShopkoandPamidamergedintoonecompanywithmostPamidastoresbecomingShopkoHometownstores.

Shopkooperatesunderthreedifferentbrands;Shopko,ShopkoExpressandShopkoHometown.ShopkoExpressisachainofpharmaciesthatcarryalimitedselectionofgeneralmerchandise,groceries,beer,wine,healthandbeautysupplies,andover-the-countermedicines.ShopkoHometown,isShopko’snewestconceptwhichisaimedatsmallercommunitiesrangingfrom3,000to8,000inpopulation,andcarryabout70%ofthemerchandisecarriedatShopko’slargerstores.InadditiontothemultiplebrandsShopkooperatesunderShopko,in1999,signedacontractwithPaylessShoestoleasethechainfloorspacewithinShopkostores.

SunCapitalPartners,Inc.isaleadingprivateinvestmentfirmfocusedonleveragedbuyouts,equity,debt,andotherinvestmentsinmarket-leadingcompaniesthatcanbenefitfromitsin-houseoperatingprofessionalsandexperience.SunCapitalaffiliateshave invested inandmanagedmore than165companiesworldwidewithcombinedsalesinexcessof$35.0billionsinceSunCapital’sinceptionin1995.SunCapitalhasofficesinBocaRaton,LosAngeles,andNewYork,andaffiliateswithofficesinLondon,Tokyo,andShenzhen,China.

Website: www.shopko.comNumberofLocations: 136StateLocations: 13Standard&Poor’sRating: PrivateEmployees: 16,000

TENANT PROFILE

TENANT PROFILE

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Population 3-mi 5-mi 7-mi

TotalPopulation 45,223 145,651 269,264TotalHouseholds 17,771 54,100 102,900

Income

MedianHouseholdIncome $37,090 $35,732 $36,762AverageHouseholdIncome $47,331 $48,149 $49,589

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

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Council Bluffs islocatedinSouthwestIowaonthebanksoftheMissouriRiverinPottawattamieCounty.PottawattamieCountyispartoftheOmahametropolitanareawhichisrankedasthe60thlargestmetropolitanareaintheUnitedStates.Atthetimeofthe2010U.S.Census,CouncilBluffshadapopulationof62,230andtheOmaha-CouncilBluffsmetropolitanareahadapopulationof865,350.TheCouncilBluffseconomyisbenefittedbythecasinogamingindustry.CouncilBluffsishasthe19thlargestCasinomarketintheUnitedStates,withrevenuereachingnearly$435

million.Casinos inCouncilBluffs includeAmeristarCasinoHotelCouncilBluffs,Harrah’sandHorseshoe.CouncilBluffsalsohasalargemanufacturingpresenceandTysonFoods,Con-Agra,Grundorf,AmericanGamesandOmahaStandardallhavemanufacturingplantsinthecity.

www.councilbluffs-ia.org

Omaha isthelargestcityinthestateofNebraskaandisthecountyseatofDouglasCounty.Atthetimeofthe2011U.S.Census,Omahahadapopulationof415,068makingitthe42ndlargestcityintheU.S.OmahahasathrivingeconomyandaccordingtoUSAToday,Omaharankseighthamongthenation’s50largestcitiesinbothper-capitabillionairesandFortune500companies.Fortune500companiesheadquartered inOmaha includeConAgraFoods,UnionPacificCorporation,

MutualofOmaha,KiewitCorporationandBerkshireHathaway.In2009,ForbesidentifiedOmahaasthenation’snumberone“BestBang-For-TheBuckCity”andnumberoneon“America’sFastest-RecoveringCities”lists.

Omahahasbeenatouristdestinationformanyyearsandattractionsincludehistory,sports,outdoorsandculturalexperiences.ItsprimaryattractionsaretheHenryDoorlyZoo,theCollegeWorldSeriesandTheOldMarketindowntownOmaha.HenryDoorlyZooisconsideredoneofthepremierzoosintheworld.Thezooishometotheworld’slargestnocturnalexhibitandindoorswamp,indoorrainforest,desertandthelargestgeodesicdome.

www.cityofomaha.org

LOCATION OVERVIEW

LOCATION OVERVIEW

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666DundeeRoad,Suite1801Northbrook,IL60062

Randy BlanksteinPresident847.562.0003rblank@bouldergroup.com

Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com

CONTACT INFORMATION

CONTACT INFORMATION